Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) — The “Road Transport Refrigeration Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Road Transport Refrigeration Equipment Market to Reach $6.7 Billion by 2030
The global market for Road Transport Refrigeration Equipment estimated at US$4.3 Billion in the year 2022, is projected to reach a revised size of US$6.7 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030.
The analysis encompasses trailers, heavy trucks, vans & light trucks, as well as various application areas like food & beverage, pharmaceutical & healthcare, and other applications. It also provides a historical review for the years 2014 through 2021, a 16-year perspective with a breakdown for 2014, 2023, and 2030, and percentage CAGR figures. This analysis aims to provide insights into the trends and dynamics within the road transport refrigeration equipment market across various segments and regions.
Trailers, one of the segments analyzed in the report, is projected to record 5.3% CAGR and reach US$3.8 Billion by the end of the analysis period. Growth in the Heavy Trucks segment is estimated at 6% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 7.2% CAGR
This comprehensive analysis focuses on the global road transport refrigeration equipment market, covering annual sales in US$ thousand for the years 2014 through 2030. It includes recent, current, and future assessments of road transport refrigeration equipment sales, segmented by geographic region, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World.
The Road Transport Refrigeration Equipment market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$714.6 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 334 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $4.3 Billion |
| Forecasted Market Value (USD) by 2030 | $6.7 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Cold Chain Logistics Provides the Cornerstone for Growth in the Road Transport Refrigeration Equipment Market
- Driven by the Need for Safe Handling of Perishable Products, Development of Cold Chain Bodes Well for Refrigerated Road Transportation & Its Entire Value Chain: Global Cold Chain Market (In US$ Billion) for the Years 2023, 2025, 2027, 2029, and 2031
- Global Economic Update
- Competition
- Road Transport Refrigeration Equipment – Global Key Competitors Percentage Market Share in 2023 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
- Road Transport Refrigeration Equipment: Definition, Types & Importance
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Continuous Development of World’s Highways to Expand Market Opportunities for Refrigerated Road Transportation & Equipment
- Highways Heat Up Refrigerated Trade: Global Length of Road Networks (In 000 Kilometers) as of the Year 2023
- Global Cold Chain Development Efforts to Spur Growth in the Market
- A Strong Freight Trucking Industry Supported by Rise in Global Trade & Retail Brings Cheer to Road Freight Transportation
- Trade & Transport Logistics Are Mutually Reinforcing
- A Strong Road Freight Market Translates Into Expanded Opportunities for Refrigerated Road Transportation & Equipment
- Rise of Digital Grocery, Set Into Motion by the Pandemic, Pushes-Up Demand for Refrigerated Transportation
- Grocery e-Commerce Emerges Into a Powerful Driver of Growth for Refrigerated Road Transportation & Equipment
- Strong Demand for Frozen Foods Further Drives the Value & Importance of Refrigerated Transportation
- Changing Dynamics of Temperature Sensitive Drugs with the Advent of Biopharmaceuticals Spurs Growth of Refrigerated Transportation & Equipment
- The Booming Biopharmaceutical Industry Will Need Robust Cold Chain Infrastructure, Particularly Last Mile Refrigerated Transportation
- Growing Investments in Bo-Pharma Cold Chain Infrastructure Acts as a Direct Demand Driver for Vehicle Refrigeration Systems
- Rise in Floriculture Bodes Well for the Growth of Refrigerated Road Transportation & Equipment
- As Flowers Become a Lucrative Trade Commodity, New Opportunities Open for Transport Refrigeration Systems in the Floral Cold Chain
- Innovations to Battle Cost & Energy Efficiency Challenges to Benefit Growth in the Market
- Insulation Strategies in the Refrigerated Transportation Industry: A Review
- Eco-Friendly Refrigerants Rise in Popularity
- Recycled CO? Rises in Popularity Over Synthetic Refrigerants
- A Peek Into the Disruptive Rise of Blockchain Enabled Refrigerated Containers
- Refrigerated Transportation Becomes Increasingly Intelligent
- Fully Electric and Eco-Friendly Refrigeration Units Pick Up Momentum
- Push Towards Multi-Temperature Refrigerated Trucks and Trailers Gets Stronger
- AI Emerges to Revolutionize Refrigerated Road Transportation
FOCUS ON SELECT PLAYERS (Total 70 Featured)
- Daikin Industries Ltd.
- Danfoss A/S
- Carrier Corporation
- Emerson Climate Technologies, Inc.
- Bernard Krone Holding GmbH & Co. KG
- Bay & Bay Transportation
- Hyundai Motor Company
- Chereau SAS
- Fahrzeugwerk Bernard KRONE GmbH & Co. KG
- Igloo Thermo-Logistics Ltd.
- Groupe Delanchy
- Daikin Europe NV
- Ali Group S.r.l.
- KAlte-Klima-Sachsen
- Alex Original Limited
For more information about this report visit https://www.researchandmarkets.com/r/a0fuuj
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- Road Transport Refrigeration Equipment Market
